Taxes on Sales/Purchases
Use
In addition to the generic SAP System functions for taxes on sales/purchases (see
Taxes on Sales/Purchases, Sales Taxes, and Additional Taxes), Country Version Peru offers a number of features specifically for Peruvian purposes. These features are described in the following documentation.
Features
As with all country versions, Country Version Peru comes with a tax calculation procedure and sample tax codes, which cover the following taxes:
Value-Added Tax
The basic rate of VAT (impuesto general a las ventas (IGV)) is 18%. In addition, purchases that are subject to VAT are categorized according to what they are intended to be used for (see
Purchase Class).Excise Duty
Excise duty (impuesto selectivo al consumo (ISC)) is levied at various rates depending on the goods or services. The sample tax codes delivered with the system are set at 10%.